EBay Reports Higher 4Q Earnings, Revenue

SAN JOSE (CBS/AP) – EBay said its net income grew in the fourth quarter, helped by a gain on the sale of its remaining investment in Skype and higher revenue.

The e-commerce and online payments company said Wednesday that it earned $1.98 billion, or $1.51 per share in the October-December quarter. That’s up from $559 million, or 42 cents per share, in the same period a year earlier.

Revenue grew 35 percent to $3.38 billion from $2.5 billion.

Excluding special items, eBay Inc. said it earned 60 cents per share.

Analysts polled by FactSet expected earnings of 57 cents per share on revenue of $3.32 billion.

San Jose-based eBay is forecasting adjusted earnings of 50 cents to 51 cents per share in the first quarter. That’s below Wall Street’s expectations of 54 cents.

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  • CherylD

    As far as making/saving $ and eBay goes, forget the stock and use the website.

    If you send the seller a question about an item, find another of their listings, and send the question from that item page, rather than from the one that you actually want. This will add a little bit of work for the seller, if they want to add the question/answer to the item description page that you are actually interested in.

    If you see an item that you want listed in auction format, send the seller a message asking if they will accept $x to end the auction early and sell the item to you. May be telling them that they would not have to wait as long to get their money (they would probably know that, but it still might help). If that does not work, use a sniping service such as Bidball.com to bid for you. It’ll bid in the last few seconds, helping you to save money and avoid shill bidding.

    Use a site like Ebuyersedge.com to set up saved searches. You’d get an e-mail whenever a match is listed. Especially good for “Buy It Now”s priced right.

    If the item that you are looking for is difficult to spell, try a misspelling search site like Typojoe.com to hopefully find some deals with items that have main keywords misspelled in the title. Other interested buyers might never see them. Then, if the item is listed an auction format, after a few days of no bids (hopefully anyway) send the seller and offer to end the auction early and sell the item to you. They may worry that no one is interested, and take whatever they can get.

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